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Truth Test #7 - Rick Scott ad 'No Bid'

4:16 PM, Oct 7, 2010   |    comments
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JACKSONVILLE, Fla. --  A number of you wrote in asking us to vet an ad run by Republican gubernatorial candidate Rick Scott.  It's called 'no bid' and targets his opponent, Democrat Alex Sink. 

Statement:

Newspapers discovered Chief Financial Officer Alex Sink funneled three quarters of a billion dollars in no-bid contracts to Bank of America.

This is false. Alex Sink was a member of a panel including republicans Charles Bronson and Attorney General Bill McCollum, and now-independent Gov. Charlie Crist, who initially vetted 39 companies at the start of the process for the contracts in question. From there, it is a complicated issue, and one Scott attempts to convolute for the purposes of this statement.

I have attached the documents from the Florida Office of Bond Finance. In addition, there is an in-depth analysis of this claim done by the Annenberg Public Policy Center.  

Florida Office of Bond Finance, Doc. 1 | Florida Office of Bond Finance, Doc. 2

MORE INFORMATION

Statement:

That's the same Bank of America once run by you guessed it, Alex Sink.

This is true. Alex Sink was president of the Florida Bank of America before becoming the state's chief financial officer in 2006.

Statement:

State government run by the insiders for the insiders.

This is opinion. Scott's campaign has been based largely on the fact that he is a political newcomer. 

Statement:

Sink never disclosed her conflict of interest. She never even asked for other bids.

Whether or not Sink even had a conflict of interest in this case is a matter of opinion. While it is true that Sink didn't declare a conflict of interest, she wasn't required by law to do so. The statement is based on the fact that she had a blind trust which may or may not have benefited from the contract in question.   In addition to the Annenberg report, politifact.com takes a close look at these claims. I've attached that report to the website as well.

MORE INFORMATION

Statement:

Alex Sink's former employer made the money and your tax dollars paid for it.

This is true. While Bank of America made a very small portion of the 770-thousand dollars in question. Merrill Lynch, a company bought by BOA, made considerably more. You will find the entire breakdown of the numbers in those reports from the Office of Bond Finance on our website.

As always all information sent in by the campaigns themselves is attached in its entirety. 

If you have a question or you'd like to see us vet a particular ad, email me at ddeegan@firstcoastnews.com or friend us on Facebook.

MORE: From the Sink campaign

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